3150 137th Street, Flushing, NY 11354
Local realty services provided by:Better Homes and Gardens Real Estate Realty Connect
3150 137th Street,Flushing, NY 11354
$1,800,000
- 5 Beds
- 2 Baths
- 1,880 sq. ft.
- Multi-family
- Active
Listed by: edith yang
Office: compass greater ny llc.
MLS#:1042455
Source:OneKey MLS
Price summary
- Price:$1,800,000
- Price per sq. ft.:$957.45
About this home
This is an exceptional opportunity to acquire a development site or income-producing multifamily property in one of Queens’ most desirable and rapidly evolving neighborhoods. Situated on an approximately 2,500-square-foot lot and zoned R6, the property offers significant potential for investors, builders, developers, or end users looking to capitalize on the continued growth of North Flushing.
The property is currently configured as a legal two-family residence with a detached two-car garage, providing immediate rental income with the flexibility to offset carrying costs while future development plans and approvals are pursued.
The newly renovated first-floor unit features two bedrooms, a home office, and an open-concept kitchen and living area. The flexible layout may also accommodate a third bedroom while retaining a home office. The second-floor unit offers three bedrooms, a home office, and an open kitchen and living area.
The basement features a separate entrance to the street level, is partially finished, and includes a full bathroom. The unfinished portion offers additional potential to expand the existing configuration and potentially create an additional dwelling unit, subject to applicable zoning, building codes, permits, and approvals.
Ideally positioned among established multifamily residences and surrounded by thriving neighborhood amenities, the property is just moments from Downtown Flushing, Main Street, the 7 subway line, and an exceptional selection of restaurants, shopping, and everyday conveniences.
With its R6 zoning, existing income-producing configuration, and highly desirable location, the property presents compelling possibilities for future multifamily or condominium development, subject to all necessary approvals. Acquire today, generate income, and unlock the long-term potential of this exceptional North Flushing property.
For developers seeking a larger development site, the seller may also consider offering the adjacent lots as part of a package sale.
All development, conversion, and additional dwelling-unit potential should be independently verified by the purchaser and their architect or other appropriate professionals....
Contact an agent
Home facts
- Year built:1920
- Listing ID #:1042455
- Added:1 day(s) ago
- Updated:August 25, 2026 at 04:46 AM
Rooms and interior
- Bedrooms:5
- Total bathrooms:2
- Full bathrooms:2
- Bedroom Description:First Floor Bedroom
- Basement:Yes
- Basement Description:Partially Finished, Walk-Out Access
- Living area:1,880 sq. ft.
Heating and cooling
- Heating:Oil
Structure and exterior
- Year built:1920
- Building area:1,880 sq. ft.
- Lot area:0.06 Acres
- Construction Materials:Frame
Schools
- High school:Flushing High School
- Middle school:Jhs 185 Edward Bleeker
- Elementary school:Ps 214 Cadwallader Colden
Utilities
- Water:Public, Water Available
- Sewer:Public Sewer
Finances and disclosures
- Price:$1,800,000
- Price per sq. ft.:$957.45
- Tax amount:$6,206 (2025)
Parking
- Parking description:Driveway, Garage, Off Street
- Garage:Yes
- Garage spaces:2
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